Recent content by TommyGG

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    http or https - anyone know which is best please

    Always use HTTPS, Google now gives ranking benefit (probably only very slight) to HTTPs as well.
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    Tax on purchase of US options by Ltd company

    Can't find a clear answer on this anywhere, any pointing in the right direction appreciated! UK Ltd company buying long term (~2 year) options on US markets (EG QQQ Dec 2022 $300 call) Is there any tax liability when buying the option? What would be the tax liability if they were sold within...
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    Risk of large amount of cash in one account

    Thanks :) Yes we're very happy with how things have been going! Not interested in bonds, the interest rates are not that much better than what we get at the moment to justify the lock in of the money (am seeing 1year bonds for 2% when we get 1.1% from our bank account). Would rather have the...
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    Risk of large amount of cash in one account

    We're looking in london, just outside the conjestion zone. We have a good accountant, will ask them about SSAS or SSIP if we do go ahead.
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    Risk of large amount of cash in one account

    Found a property for £500k in an exellent location. Excess space would allow us to get £4-£6k rent per month. Minus costs, we're looking at ~3% to 4% of the property value per year returned which is a lot more than our current 1.1% in the savings account.
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    Risk of large amount of cash in one account

    We're looking at purchasing an oversized office for our needs and renting out desks to bring in additional income that should cover a mortgage/expenses. Rent in the area is ~£400 p/p an we have enough budget for >3,000 sqft I think.
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    Risk of large amount of cash in one account

    Because we've got nothing to spend it on! Nothing wrong with keeping cash, perhaps not optimal but better than making a mistake with it. We run a small software company, our revenues are ~£400k per year, pretax profit of ~£300k. We're thinking about purchasing our own office building with the...
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    Risk of large amount of cash in one account

    Hello, We have almost £500,000 sitting in a savings account for our business. We don't have any plans to spend or move it any time soon. Are there risks of having this amount in one bank? For example, if a bank went bankrupt, could we potentially lose a lot of it? Should we diversify, or...
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    Paying dividends in assets?

    Hello, We invested a lot of money in Bitcoin 6 months ago. It's now worth quite a lot. We could sell them and pay capital gains on them and deposit the money into the business account. But we were wondering if it's possible to pay a dividend out in Bitcoin. My co director wants to...
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    Calling yourself a regulated business

    Specifically relating to a financial service that allows users to buy Bitcoin, and allows users to sell Bitcoin. Is this an active relationship, or would simply being registered with the legally required bodies to operate this business be sufficient to call yourself "Full Regulated"?
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    Calling yourself a regulated business

    What requirements do you need to meet to be permitted to call yourself a "Fully Regulated Business"?
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    Legal to have an online credit based system?

    Yes, as long as they link to credible sources/references Just phoned up another legal firm who specialise in Internet law in the UK and they couldn't give us an answer either
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    Legal to have an online credit based system?

    We phoned up the FSB lawyers on this one and they couldn't give us an answer which was a shame. A summary of our website and proposed system: - We have an online arcade for user submitted games - A new visitor will come to our website and play games - Some games will allow 'in app...
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    Please advise on starting new e-commerce business

    What are you drop shipping? Is there actually space in the market for you? Do you have many competitors? Setting up a website isn't enough to get customers. What's your plan to get customers?
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    Who's responsible for this?

    Just phoned up HMRC, they told me: - Our software counts as 'services' and not goods - VAT is NOT due on sales of services outside the scope of VAT, even if you're signed up to Flat Vat scheme It's good we got clarification, I think what's happened is our accountant assumed our sales are for...
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